The Federal Inland Revenue Service (FIRS) has set a revenue collection target of ₦31 trillion for the 2026 fiscal year.
The FIRS Executive Chairman, Dr Zacch Adedeji, disclosed this on Monday during an interactive session with the Senate Committee on Finance at the National Assembly in Abuja.
Adedeji announced the figure after sustained pressure from the Chairman of the Senate Finance Committee, Senator Sani Musa, who insisted that the Service clearly state its revenue projection for 2026.
Earlier, the FIRS boss had expressed reservations about fixing a revenue target in isolation, citing intervening economic and policy factors that could affect performance. However, members of the committee urged him to commit to a figure, noting that the agency exceeded its 2025 revenue target of ₦25.2 trillion by 16 per cent.
During the session, Adedeji also addressed concerns surrounding a Memorandum of Understanding (MoU) recently signed between FIRS and France’s Direction Générale des Finances Publiques.
The MoU, which was formalised at the French Embassy in Abuja, was signed by Adedeji and the French Ambassador to Nigeria, Marc Fonbaustier. It establishes a framework for cooperation aimed at strengthening tax administration, enhancing digital processes and building institutional capacity.
Clarifying the agreement, Adedeji said the FIRS Establishment Act empowers the Service to collaborate with international tax agencies for mutual benefit.
He explained that the partnership with the French tax authority was not unprecedented, noting that FIRS had previously entered into similar collaborations with tax agencies in countries such as South Africa, the United Kingdom and Singapore.
Adedeji also dismissed concerns that the agreement could expose the tax data of Nigerians to foreign authorities.
“Nobody can reveal or release anybody’s tax data to another person or any foreign agency. The French agency they are talking about cannot have access to the tax data of a single Nigerian, so the fears are unfounded,” he said.
